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superpower status and our future. >>> president obama and house speaker boehner meeting ooer the weekend. whose views the numbers will prevail. well, i'll show you how much it matters to the nation in tonight's chalk talk. that's coming up next. look, if you have copd like me, you ow it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spirivhelps control my copd sytoms keeping my airways open for 24 hours. pl, it reduces copd flare-ups. spiriva is the only once-daily inhad copd maintanceflare-ups. treatment that does both. iriva handihaler tiotropium brome inhalation powr does not replace fast-acting inhale for sudden symptoms. tell ydoctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may woen with spiva. discuss all memedicines you take, even eye drops. stop takg spiva and seek immediate dicahelp if your breathing sudden worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side eects include dry mouth and constipation. spiriva helps me brea
and our future. >>> president obama and hous speaker boehner meeting ooer the weekend. whose views the numbers will prevail. we, i'llhow you how much it matters tohe nation in tonight's chalk talk. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels haveeen se with nexium. possible side effects include headache, diarrhea, anabdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ me announcer ] lease a 2013 ml350 for $59a month at your local mercedes-benz dealer. lou: you know, everybody's getting pretty excited about that fiscal cliff negotiation or impasse, however y want to3 style it. but i want to show you, if i may tonight, very quickly, what ally is at stake and how it's going to change the fiscal future of the country, our stiny as a nation. becae this
. is that accurate? >> guest: that is accurate, but the fact that president obama, speaker boehner met at the white house sunday, they put out the same statement, they haven't said anything for two days. >> neil: speaker boehner did. he was griping about the president not giving specific on spending. nancy pelosi was saying, you know, boehner is wrong. >> you have to reach to find encouraging news right now. everybody thinks we are going to get together and not let the country go over the fiscal cliff, which, of course, in all common sense and sanity that's what we would do. we have to act. we're on automatic here. you know that. right now i can feel the contrary happening. in both caucuses and the senate, people are beginning to to the inside interest groups so the democrats say don't touch entitlement programs and republicans say i won't support -- >> neil: that's what i'm hearing. driving it further apart. >> yeah, you not going to make it happen that way. there is beginning to be -- there are two conspiracy theories now. one is that the leaders won't mind if the country goes over the cliff beca
in there tangoing, you've got a chance to get it done. >> president obama and speaker boehner negotiate face to face at the white house. >> republicans are softening their resistance to a tax increase for the rich, but they want something in return. >> there is a growing group of folks realizing that we don't have a lot of cards as it related to the tax issue. >> an american doctor who had been kidnapped by the taliban in afghanistan was rescued. >> dr. dilip joseph is free, but one u.s. navy seal lost his life in this mission. >> this fallen hero was a member of navy s.e.a.l. team 6. >> condolences pouring in after the tragic death of mexican-american singer jenni rivera, killed in a plane crash. >> for the first time since their prank call that led to the apparent suicide of kate middleton's nurse, those radio hosts are speaking out. >> we didn't have any idea like something like this could possibly happen. we couldn't see this p haing. it was meant to be a prank call. >> the midwest covered in snow this morning. some saw up to 17 inches of snow. >> you head out with your well dressed pet monkey.
in portland. thanks, jay. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to
are now in the had hands of two men, president obama and house speaker eer jo boehner. bill plante is at the white house. good morning. >> reporter: good morning. and good morning in the west. the president has stepped up his rhetoric, warning failure to fix the fiscal crisis could sour the christmas season. as another day passed without any real progress, president obama ventured out to push his claim that the middle class will suffer. ♪ you better watch out you better not cry ♪ >> at the national christmas tree lighting, president obama joined the holiday mood. but earlier, visiting a middle class virginia family, he threatened that congress could ruin the christmas season. if it doesn't act, the administration says, middle class tax bills will increase by $2,000. >> we're in the midst of the christmas season. i think the american people are counting on this getting solved. the closer it gets to the brink, the more stress there is going to be. >> reporter: what may raise the stress level even further is the promise that both the president and treasury secretary geithner has m
that the staffs of president obama and house speaker boehner resumed discussions as the two principles remain far from face-to-face negotiation apparently. fox news chief white house correspondent ed henry has the latest. >> pulling on the heart strings like he's on the campaign trail, president obama visited a middle class family in virginia. >> a couple thousands dollars means a couple months rent for this family. >> again, trying to frame the battle over the miscall cliff as being all about taxes with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%, but e remain optimistic we can get something done that are good for families like this one, and that's good for the american economy. >> republicans believe the reason the president is going light on spending cuts while demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican
in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of
to averting the fiscal cliff. president obama telephoned house speaker john boehner tuesday afternoon.rnoo sources describe the exchange as tense. at issue a new republican budget budg proposal, one that came after mr. obama sent an offer to mr. boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all
, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. alway
will get that number and he will not be speaker if he agrees to raise taxes with president obama. i have talked to activists across the kun and they are already fired up at john boehner. if he agrees to this, it's over. we want someone who cares about job creation. who cares about getting people my age and young americans back to work. frankly, i don't think if john boehner is starting at we need to raise taxes and barely cut entitlement spending, i don't think that's going to work with us. no. >> thank you so much. i should pension that the president actually was at the daimler factory announcing more jobs and more expansion. he's very much in support of job creation. thank you so much, sir. >> thank you for having me on. >>> next, have we reached a tipping point in a crisis overseas. stay with us. but first, hampton pearson has today's market wrap. >> how are you? we've got stocks starting the week moving in a narrow trading range closing in on the plus side. the dow up about 14 points. the s&p up marginally. the nasdaq adding 8 points. that's it from cnbc, first in business worldwide.
. president obama and house speaker john boehner know they have to reach agreement this week if there's to be a deal, which is why they met behind closed doors on sunday. spokesmen for both men say that lines of communication remain open with the president reiterating today that he's up for a big deal. >> i have said i will work with republicans on a plan for economic growth, job creation, and reducing our deficits. i'm willing to compromise a little bit. but if we're serious about reducing our deficit, we've also got to be serious about investing in the thiges that help us grow and make the middle class strong. >> as for speaker boehner, he continued his political posturing today with a statement. quote, the republican offer made last week remains the republican offer, and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. that said, an increasingly limber group of republicans are showing flekx 5eb89 on higher rates for top earners arguing raising rates on the rich will give them g
negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. so, of course, that coming from the republican side, the president obviously saying he's waiting for something, too, john. he's waiting for the republicans to identify the specific details of that $800 billion
. fox news confirming president obama and the house speaker did talk on the phone today and traded proposals. advisers to the presidency the two sides are making progress. as with a market, stocks finied well off of flies, but still up solidly. the dow up 79 points, s&p nine, nasdaq 35. all three indexes moving above their 50 day moving averages for the first time in three months. volume picking up on the big board. three and a half billion shares traded. technology, the principal driver in the market. microsoft up on news it is upn production of its surface table, service tablet to better compete with appe, on a bullish report from merrill lynch about the growth of the smart phone and ipad markets. aig stock up on news the government sold the remaining common shares it holds. the sale means taxpayers realize the profit of $22 billion on the iginal bailout of 1,802,000,000,000. prices in the bond market down, pushing the yield on the treasury ten year to 165%. crude oil up. the price of a barrel of oil still under $86. the federal reserve and its today meeting on monetary policy an
of the president's visit. melissa: peter barnes, thank you so much. president obama and speaker john boehner are talking, signs of progress or more of the same? it worked in the white house, we're pleased to be joined by some economic writer for the "wall street journal." let's start with these comments from a republican from tennessee known to be reasonable suggesting increase the tax rates on the wealthiest 2% to move on and talk about entitlements getting a little it is realistic to see the deal that might alternately happen? >> hi, lori and melissa. do you think you wil you'll havw december 31? i think this thing will stretch out maybe a few hours before plunging off a cliff. lori: anybody who thinks it will be an easy newsday is mistaken. >> you and i talked about it a week or two ago the thing that is amazing is they are not getting closer, they're getting further apart. melissa: at me sitting there for their part? >> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willin
speaker john boehner sent a counteroffer to president obama to fend off the fiscal cli. in a response to an offer made by the white house yesterday, we go to rich edson from washington, d.c. with the latest. rich, any response from the white house on this? >> still working on that. aids say in exchhnge of proposals taken place, some movement, but still major differences between the white house and speaker's office. fox news reports the speaker and president just spoke on the phone. white house folks s there's a sign of movement. a senior huse aide says the evite house reduc the and the white house has reduced itsm demand for tax revenue increases from just under to fund the store one-and-a-half to will sort of the latest republican billio offer of $800 billion.e there is anfother offer on the t table from republicans. the details are known.ys the spokesman said the white house got up counter offer tois. solve our looming debt crisis. we are still waiting for the white house to identify what pet spending cuts the president is willing to make as part of the balanced approach.use fox new
will be here and we're still waiting for reaction from speaker boehner to president obama's very hard-line stance on you must raise tax rates. stuart: we are all keeping a close watch on the companies that have announced early dividend payments. best buy, that was the latest. they announced early this morning. special tax dividend of 17 cents per share. they will pay it just before the year ends, december 31st. let's see where shares of best buy are, up nearly 2%. the luxury brand coach announced it will move its quarterly dividend from january to december, paying 30 cents per share. that's another early payment. and the teen clothing company, american eagle outfitters also jumping on the bandwagon which includes more than 200 names that are paying their dividend early. american eagle is actually down a bit. some sad news to report from the news corporation family. mother of news corporation's chief executive rupert murdoch died today at the age of 103. newscorp is the parent of the fox business network. to get a list of equity option.. evaluate them with our p&l calculator... and exe
, congressional aides say that is simply not happening. in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently, and i think the issue right now -- >> when? when will the two of you sit down in a room? >> you know, i don't think that the issue right now has to do with sitting in a room. >> as i mentioned, the american people want the people they elected to sit down together, work it out. a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans a
in this late game. less is known about the gop counter offer at this hour. we know president obama and house speaker boehner sat down for a no cameras meeting over the weekend. the competing offers come after both sides aired sharp differences on the house floor. watch. >> where are the president's spending cuts? the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for his party to give in and move on. >> what the president is trying to the achieve on the top two tax rates, you know, he can get by doing nothing. the law is certainly stacked in his favor. >> sharing the view a tack increase is all but inevitable. >> senator coburn is joining us now. you have said the tax
, is this going to be a deal or are speaker boehner and president obama wasting our time? the sticking point is not the tax rates, i think that real sticking point is cuts, democrats are not willing to put forward enough cuts to get republicans to say what they promised they would do, at least consider the rate going up. lou: this -- president comes with a dial, most recent counter offer, offer, i don't know why we are with him. has $2 of tax hikes for every well 70-cents of -- >> imaginary cuts. i suggestion that john boehner get a huge banner and wrap it around the capitol, "it's the spending, stupid." >> the truth is that tax receipts have risen, revenue for federal government has risen by 26%. 210, 2010, and 2011, there is room to perhaps give there. but, i have to ask you, am saying now. i was going to say, i think we're being gamed in a different way. i am now in school that believes this president doesn't to go over the cliff, also, i believe that republicans are now incentivized to go over the cliff, because they get two-for-one spending cuts and i believe that president is maintaini
. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, over the last two or th
is not reached. david: the president and the house speaker meeting. president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that commun
yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> the president saying he's not going to negotiate on that, either. >>> now, to a major headline for parents about a popular affordab
fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> cannot wait to see that. >>> and finally, well, we would be remiss if we
are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been some progress on the tax cut side in terms of tax reform that could raise a type of revenue that we are goi
. what's frustrating to me. speaker boehner co-oped obama's language with raising taxes on the rich. i'm saying, wait a minute, there are things you can do. i thought there was a good piece in the "washington post" today, laying out five steps. stand your ground, go on offense, and pass your plans. >> yeah. one of the things we don't do is, we don't make the point that if we are going to do revenue enhancements, they must be in exchange for spending cuts and should happen together. we can no longer do spending cuts with promised reductions in spending that never happen. >> sean: why aren't we talking about the moral imperative? i think this is a moral imperative. we're borrowing 46 cents of every dollar. we're robbing our children and grandchildren. >> right. >> sean: why isn't that the debate that's front and center? everyone says we ought to raise taxes on the rich. that lasts 8 1/2 days a year. >> obama has co-oped the message, let's raise taxes on the rich, which actually brings very little money, does not solve the problem. it's a symbolic gesture rather a real gesture. the real g
's what we know right now. we have just 20 days left for the obama administration and house speaker boehner's office to reach a deal on the fiscal cliff. while talks continue privately between both, no public details of progression toward the compromise have been released. in the last hour, our guest, tony fratto who is the former press secretary and jerry bernstein agreed that we would likely get some sort of a deal, just perhaps not in a form that was widely expected. joining us right now is the first of many lawmakers we'll be speaking with today, texas congressman jeb hensarling who is also the incoming chairman of the house financial services committee. and mr. chairman, first of all, congratulations. >> thank you. good morning. >> good morning. thanks for being with us today. >> happy to do it. >> we hear all of this talk, we hear all the talk that's been leading up to this point. we know it's gone a little quieter at this point. maybe that's a good thing. i also know you've been pretty firm about this. you've said that elections do have consequences. the president is getting
this was the week for progress on the fiscal cliff. well, think again. big ol' zero. nothing happens. house speaker boehner says it is clear president obama is dragging the economy well over the cliff. ashley: the rhetoric goes on. ibm playing scrooge to hundreds of thousands of employees by radically changing its 401(k) contribution. is your company next? tracy: kind of scary. as we do every 15 minutes we head down to the floor of the new york stock exchange, nicole petallides. they are climbing back to session highs although the notion 48 points up is only thing we've got, doesn't say much. >> it has been a slow crawl but this is our third week in a row of gains. it doesn't feel like it's been a great three weeks but hey, if you're long the market and you're bullish you will take a winning week after a winning week, whether 3% or .1 of 1%. the dow is up roughly 100 points for the week. the dow is up 46 points. we haven't seen three consecutive gains for the dow since august. that is some good news. what is interesting about the data we've been getting, got it in the monthly jobs report, so import
with the president at any time. we asked the president obama plan on calling the speaker or inviting the speaker to the white house and we haven't gotten a response. what is dumbing this all up is the tax rate increase. >> were not insisting on rates out of spite for any kind of partisan victory. but rather because we need to raise a certain amount of revenue. >> an obsession to raise taxes is not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on wasteful spending in washington. speak up for the fiscal cliff is part of the half trillion dollars in cuts to the pentagon. the defense has been saying we will not plan for sequestration's because they don't want to be cautious because it is like a gun to the head. they're now looking into planning for this because we are getting pretty late, and that may become a reality. back to you. melissa: rich edson, thank you so much. lori: let's continue this discussion. it is going to happen, it is exactly what the democrats want. according to scott hodge of the tax foundation. what are some alternativ
on the team. peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other p
differences, that is the assessment from house speaker john boehner, saying he and president obama have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
the president and speaker have taken no concrete steps to resolvthe so-alled fiscal cliff. president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal policy that wouldake both casey stieel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a mment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get ou
. house speaker john boehner hittinging the house floor a short while ago. president obama wants the house to allow tax increases, tax rate increases on families earning more than $250,000 a year. house republicans have an offer on the table. they say they're waiting on the president. >> the president doesn't agree with our approach, he has got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when will this president going to get serious? >> we're basically looking at the same impasse today we were looking at a couple of weeks ago but there is some talk at least beyond fiscal issues in the country on capitol hill. we met up with the incoming chairman of house financial services committee and asked him about the idea going around washington whether or not we should break up the big banks? >> there is certainly a role for the city banks and jpmorgans in the world. i meet with a lot of smart people. i haven't had anyone smart enough to tell me what the optimism size after bank
. house speaker john boehner is taking heat from all sides, president obama is ripping him for tax hike refusal on those making $250,000 or more a year and the republicans are criticizing him for not pushing back enough. >> reporter: staving off the conservative rebellion, john jon boehner's proposal to steer clear the fiscal cliff, by closing loopholes in taxes has outraged anti-tax conservatives and when he removed conservatives from the key bathses of the past. >> $800 billion in 10 years that, looks like a tax increase. 238 republicans, including me, took a pledge not to raise taxes. >> they want to send a message to me, to send a message to others that we are not going to tolerate people who are interested in doing what's right, we want to play the same game. if you try to disrupt that, we will knock you off a committee. >> reporter: conservatives were tossed off the house budget committee and others were bounce from the financial services committee. benching conservatives have boehner under fire from conservative group, including the heritage foundation, red state dot-com, freedom
closer to the edge of the fiscal cliff, every move is being magnified by the markets. president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for
inside. natalie? >> good morning again, matt, savannah, and al. president obama and house speaker john boehner could be off to a fresh start in their efforts to avoid the looming fiscal cliff. the president resumed discussions with boehner on wednesday. however, treasury secretary tim geithner kept up the tough talk telling cnbc the administration would let automatic spending cuts and tax increases take effect if republicans refused to raise tax rates on upper income americans. >>> secretary of state hillary clinton and russia's foreign minister are holding surprise talks today on the deepening crisis in syria. the u.s. is concerned that syrian president assad's regime is on the verge of releasing chemical weapons against its own people. allies want assad to step down to prevent bloodshed. russia is syria's strongest ally. so support for any plan is critical. >>> search and rescue teams are still finding survivors two days after a powerful typhoon bopha struck the southern philippines, but the death toll has climbed beyond 375, and hundreds of people are still missing there. survivors
except to say that it does include those components, and as you know, president obama was initially asking for about twice the amount in new revenues that house speaker john boehner was saying he could deliver. the house speaker getting some push back from members of his own caucus for offering up $800 billion in new revenues. of course, he wanted to achieve that by rolling back tax breaks. president obama wants rates to go up on the wealthiest americans. there is no sign that that impasse has been broken at this point. those are still one of the big issues that likely needs to be worked out. but, again, what we do have it seems at this point, at this hour, is a proposal and a counterproposal coming from the hill. martin? >> thank you, kristin. congressman courtney, finally and briefly if i can put this to you, is it possible they're getting closer but actually they don't want to reveal that they've reached a closer agreement because it will give too much time for blood-letting? >> it's possible because, again, just remember, people are just flying into town tonight, and so the time
. >> good morning, everybody. >>> house speaker john boehner and president obama met sunday to discuss the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not re
rhetoric from house speaker john boehner and president obama. when are they going to get serious? cheryl: look at live pictures of the original backmobile. we will have the designer and a man who will auction this baby off. dennis: look at today's s&p winners and losers. there is no mass-produced human. every human being is unique. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing being. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allowyou to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collectio individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30
would be president obama's water loo. remember that? earlier this week he argued that speaker boehner's proposal tax hikes would destroy jobs. but senator demind says his resignation has nothing to do with the fiscal cliff. it's because he has accepted a job as president of the conservative think tank the heritage foundation. jim demint served three terms as a u.s. congressman from south carolina before voters first elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earl
need is the majority. if john baner and president obama reach a deal i predict that it will pass the united states congress both in the house and the senate. >> and as you heard from some republicans who are upset that speaker baner would even be willing to talk about new revenue. forget about tax rates and republicans a lot of them don't want to talk about revenue. what do you make of that? >> what i hear is they want spending cuts first. we have done this a couple times before where we give into the democrats. we have rate increases and increased revenue. we never can get to the spending cuts. i think if you are going to get to the magic number, 218, for most of the house republicans they want to see the spending cuts first. >> what about that, debbie? we hear about the president's demands when it comes to tax rates. we have not heard much from the president and from the white house and from democrats at all about where they would be willing to cut. >> well, i would respectfully disagree with that. you can start with an agriculture bill that passed the senate in a very bipartis
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